Author
Topic: Builder Default (Read 507 times)

Hi, I have purchased a flat in hyderabad, and paid the rest of amount(Part by cheques and cash) apart from the loan. The banker has released the check and my EMI started. I have paid the stamp duty and registration fees in the form of DD for registration. when we went for registration the SRO rejected for the registration and requested to get the No Objection certificate from MRO as the parent survey(Ex: sy.no.213 is under prohibited list, but the flat is under sy.no.213/1) number is under prohibited list. The land pahani is available from 1971. The sy.no. 213/1 is subdivided after 12 years and as per my knowledge some part of the land is allocated to weaker sections by Govt.(not sure when Govt. took the land). Please suggest 1. if i can get my amount back as per the agreement documents(Receipt of amount by builder), which is with banker. Will banker return the originals and cancel the loan if requested. 2. What if the builder manage the MRO and get the no objection certificate and force me for registration.

If I reply you professionally then all answers to your queries is NO. but to help you legally I will say you must send a notice to the builder for agreement in respect of encumbrance property and ask him to refund the entire consideration including the interest. On failure you have to knock the door of consumer court.

Above advice is just apparently given on the basis of your statements but actual and correct advice can only be given after verifying the soft copy of all documents in respect of your dispute.